The incumbent government has been focusing on providing ease of access to the investor community. Keeping that in mind, the Board of Investment (BoI) rolled out three online platforms in order to facilitate local and foreign investors to get themselves registered for zone enterprises along with a comprehensive database of existing and potential investors that will help in ramping up business activities.
BOI Rolls Out Online Platforms to Facilitate the Investor Community
The three online platforms namely Pakistan Regulatory Modernization Initiative Strategy (PRMI), Special Economic Zone Management System (SEZMIS), and Investor Relationship Management System (IRMS) were launched by World Bank Country Director Najy Benhassine, British High Commissioner to Pakistan Christian Turner, and Senior Private Sector Specialist IFC Charles Schneider respectively.
While elaborating about the online platforms, BoI Secretary Fareena Mazhar said the main purpose was to go for a gradual transition to a paperless environment that will lessen the compliance burden for businesses and the investor community.
Secretary-General Overseas Investors Chamber of Commerce & Industry Abdul Aleem and CEO Pakistan Business Council Ehsan Malik showed complacency with the government’s direction for the development of private sector growth via digitization and reformation of the regulatory landscape.
IFC Senior Country Manager for Pakistan Nadeem A Siddiqui said,